Huntsman Co. (NYSE:HUN – Get Rating) – Research analysts at KeyCorp raised their Q3 2022 earnings estimates for Huntsman in a report released on Tuesday, August 2nd. KeyCorp analyst A. Yefremov now anticipates that the basic materials company will post earnings of $1.06 per share for the quarter, up from their previous forecast of $0.97. The consensus estimate for Huntsman’s current full-year earnings is $4.45 per share. KeyCorp also issued estimates for Huntsman’s FY2022 earnings at $4.47 EPS and FY2023 earnings at $3.95 EPS.
HUN has been the subject of several other reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Huntsman from $40.00 to $35.00 in a report on Wednesday. Wells Fargo & Company decreased their target price on shares of Huntsman from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, June 22nd. StockNews.com cut shares of Huntsman from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 15th. UBS Group cut shares of Huntsman from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a report on Wednesday. Finally, Citigroup decreased their price objective on shares of Huntsman from $35.00 to $34.00 in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.77.
Huntsman Trading Up 1.1 %
Huntsman (NYSE:HUN – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.14 by $0.14. Huntsman had a net margin of 13.45% and a return on equity of 22.23%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Huntsman’s quarterly revenue was up 16.7% on a year-over-year basis.
Hedge Funds Weigh In On Huntsman
A number of hedge funds and other institutional investors have recently modified their holdings of HUN. Starboard Value LP boosted its position in shares of Huntsman by 55.4% during the fourth quarter. Starboard Value LP now owns 18,026,236 shares of the basic materials company’s stock worth $628,755,000 after acquiring an additional 6,428,092 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Huntsman by 773.3% during the first quarter. First Trust Advisors LP now owns 7,122,627 shares of the basic materials company’s stock worth $267,170,000 after acquiring an additional 6,307,003 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Huntsman by 409.6% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,735,693 shares of the basic materials company’s stock worth $95,420,000 after acquiring an additional 2,198,907 shares during the last quarter. Invesco Ltd. boosted its position in shares of Huntsman by 69.8% during the first quarter. Invesco Ltd. now owns 4,556,712 shares of the basic materials company’s stock worth $170,921,000 after acquiring an additional 1,873,388 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Huntsman by 159,083,200.0% during the fourth quarter. Toronto Dominion Bank now owns 1,590,833 shares of the basic materials company’s stock worth $55,488,000 after acquiring an additional 1,590,832 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.
Huntsman Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.94%. Huntsman’s payout ratio is currently 14.63%.
Huntsman Company Profile
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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